At the end of the second quarter, the high-end inventory of listings, active and pending, was up by 21% to a record318 listings compared to 263 last year and the previous record of 271 listings in 2016.
Last quarter, I introduced the LandVest Economic Index, as a measure of how well our economy was performing. The index is a scaled measure of unemployment, GDP growth, and inflation. I plotted the index against the University of Michigans survey on consumer sentiment and found that at the end of this year's firstquarter,
More Homes For Sale, But Location Matters
An eventful first half of 2025 is in the books, and weve seen U.S. housing inventory continue to climb towards pre-pandemic levels. The current number of houses for sale trails 2017-19 levels by about 11% but its grown, year over year, for 20 consecutive [...]
We measure our economy in many ways, such as employment, inflation and GDP. We also measure consumer sentiment. In theory, there should be some correlation between the two, and there is. However, the relationship is surprisingly low when it comes to periods of inflection. Recently Ive become curious about how we feel, as consumers in the [...]
Economic uncertainty and volatile financial markets didnt slow what turned out to be a fast start to 2025. During Q1 LandVests new listings, and total available listings, were both considerably higher compared to the same time last year. Our inventory has been growing steadily and will continue to rise in the coming weeks when warmer [...]
While Vermonts luxury real estate market continues to see robust saleswith $1 million+ volume up 16% year-over-year*the landscape is shifting. Inventory has expanded significantly. Months of Inventory** have risen from approximately 4 to 12 months, tipping the scales in favor of buyers for the first time since before the pre-pandemic, [...]
As the exclusive New England affiliate of Christie's International Real Estate, as well as the largest manager of commercial forestland in the Northeast, LandVest has a unique perspective on the timberland and housing lifecycle. From my present perch, the spring home construction market has [...]
LandVest closed some of the biggest real estate deals in New England last year. Among the many high-end transactions handled by our team in 2024, several properties sold as the highest-priced home in their respective markets during the entire year.
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